Live on GST Portal: Correct GSTR-1A Outward Supplies
Introduction Filing accurate GST returns is essential for every business. Recently, the GST portal introduced the GSTR-1A feature, making it easier to amend your outward supplies for the current tax period. This blog will explain what GSTR-1A is, why it’s important, and how you can use it effectively. What is GSTR-1A? GSTR-1A is a tool […]
CBIC Launches Second Drive Against Fake GST Registrations
The Central Board of Indirect Taxes and Customs (CBIC) has recently issued Guidelines for the Second Special All-India Drive Against Fake Registrations as per Instruction No. 02/2024 dated 12th August 2024. This initiative, running from 16th August 2024 to 30th September 2024, aims to practices in the GST ecosystem and strengthen the integrity of the […]
7 Things to Learn About Virtual CFO Services
As businesses navigate the complexities of growth and financial management, many are turning to Virtual CFO services for expert guidance without the cost of a full-time executive. But what exactly are Virtual CFO services, and how can they benefit your business? Here are seven crucial things to learn about Virtual CFO services that can help […]
Small Businesses Exempt from 2023-24 Annual Return Filing!
In an effort to reduce compliance burdens on small businesses, the Government of India has issued a significant update under the GST regime. On July 10, 2024, the Ministry of Finance released Notification No. 14/2024 – Central Tax, which provides much-needed relief by exempting small enterprises from filing annual GST returns for the financial year […]
Virtual CFO Services: Tailored Solutions for Diverse Business Needs!
In today’s fast-paced business environment, having access to expert financial guidance is crucial for sustainable growth and success. However, not every business has the resources to hire a full-time Chief Financial Officer (CFO). This is where Virtual CFO services come into play. Offering tailored financial solutions to meet the unique needs of diverse businesses. What […]
Key Updates to the Central GST(CGST) Rules 2024
The Indian government recently issued Notification No. 12/2024 – Central Tax. This notification introduces changes to the Central Goods and Services Tax (CGST) Rules, 2017. These updates, effective from July 10, 2024, are important for businesses to understand. By knowing these changes, companies can stay compliant and make the most of their tax strategies. Let’s […]
Revenue Rethink: Creative Business Models That Drive Profit
In today’s fast-paced business environment, traditional revenue models are being challenged by innovative approaches that redefine how companies generate profit. To stay competitive, businesses must rethink their revenue strategies and adopt creative business models that not only drive profit but also provide sustainable growth. In this blog, we’ll explore some of the most effective and […]
Advisory on Biometric-Based Aadhaar Authentication for GST Registration in Jammu & Kashmir and West Bengal
Recent updates to the Aadhaar Authentication for GST registration process have introduced new requirements for applicants in Jammu & Kashmir and West Bengal. Here’s what you need to know to ensure a smooth and efficient registration process. Key Points to Consider: Detailed Procedures: Biometric Authentication Process: Conclusion The introduction of Biometric-based Aadhaar Authentication for GST […]
The Biggest Hurdle in the Startup Journey: Employee Problems !
Starting a new business is an exhilarating journey filled with opportunities and challenges. Among a lot of obstacles that startups face, employee problems stand out as one of the most significant hurdles. From hiring the right talent to maintaining a motivated workforce, managing employee-related issues can make or break a startup. In this blog, we’ll […]
New ISD Registration Requirement for GST Taxpayers from April 2025
GST Taxpayers Must Register as ISD for Common ITC Distribution Introduction Starting April 1, 2025, GST taxpayers registered in multiple states must register as Input Service Distributors (ISD) to distribute common Input Tax Credit (ITC). This requirement, outlined in Notification No. 16/2024 – Central Tax and The Finance Act, 2024, aims to streamline ITC distribution […]